Dutch central bank admits 90% of its gold is abroad

IMG Auteur
Published : January 09th, 2012
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Our friend the Dutch financial writer Jaco Schipper reports today that the president of the Netherlands central bank acknowledged this week on Dutch television that 90 percent of the nation's gold reserves is kept outside the country to facilitate sales. Dutch TV, Schipper adds, also interviewed geopolitical analyst James G. Rickards, author of the new book "Currency Wars," who spoke at GATA's London conference last August, and GATA's longtime supporter Willem Middelkoop, a fund manager and financial writer, who argued for repatriating the Dutch gold to protect it against expropriation by the U.S. government.


So GATA's issues are gaining prominence in Europe.


Schipper's commentary is headlined "90% of Dutch Gold Reserve Is Held Abroad," carries a link to video of the Dutch TV program "Nieuwsuur," where the Dutch gold reserve was discussed, and is posted at Schipper's Internet site, Market Update, here:


http://www.marketupdate.nl/nieuws/valutacrisis/90-of-dutch-gold-reserve-...


 

 

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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